HTC launches its blockchain phone: the Exodus 1

HTC launches its blockchain phone: the Exodus 1

The Taiwanese technology company, HTC, has announced the release of it blockchain phone.

HTC’s Exodus 1 has become available for pre-order, and can only be bought with cryptocurrency – costing 0.15 bitcoins or 4.78 ether tokens (US$960).

The manufacturer has created a cryptocurrency wallet within the phone dubbed Zion, which it claims is separate and protected from Android.

“In the new internet age people are generally more conscious about their data, this a perfect opportunity to empower the user to start owning their digital identity,” stated Phil Chen, Chief Crypto Officer at HTC.

“The Exodus is a great place to start because the phone is the most personal device, and it is also the place where all your data originates from.”

Digital solutions giant Accenture and insurance firm Generali have launched the first blockchain-based solution for the employee benefits (EB) industry to mitigate processing errors in the reinsurance process through smart contracts and automatic reconciliation.